So Much For Rules of Taking Out Clients

On Tuesday night, Lehman Brothers paid Greenspan $250,000 to meet with 15 of its most important clients in Lehman’s executive dining room in New York. Lehman paid $100,000 over Greenspan’s standard speaking fee of $150,000 for the privilege of being the first Wall Street firm to book the legendary Fed chairman, according to an individual familiar with the situation. Most of the attendess were hedge fund managers. You can’t take them to a strip club but you can spend a quarter of a million to meet with important people. I would imagine what he had to say will make the managers a lot more money than a lapdance. Greenspan’s going to make some bucks in the next couple years. More at The Post.